Friday, September 18, 2009

Greenwood Village Condos - A Quick Snapshot

By Michael Canon

Greenwood Village is nestled in the southern central part of the greater Denver area. The town is a rather small town with only about 14,000 residents. During the day there are more than 30,000 people that work in the community. This is because the Denver Tech Center is inside the town. Greenwood Village condos have become popular in recent years as they are less expensive than houses. Residents of Greenwood Village condos find that the condos suit them well when it comes to price versus size.

Residents of Greenwood Village can enjoy access to the Denver area by I-25 which is also Highway 88. Also to the south of the city is highway 470 which loops around the greater Denver area. Residents are able to get around Denver very easily using both of these highways.

Residents can enjoy various activities and community events in the area. There are two extremely large events for the community during summer. The first is the Greenwood Village Goose chase and then they also have free concerts at the Crescent Amphitheater. There are roughly 40 miles of trails in which residents can enjoy walking, biking, and other activities while enjoying the scenery and mountain air.

Recently the area gained access to a light rail system that makes traveling to downtown much easier than driving. This makes it much easier on the residents in Greenwood Village condos that have to commute downtown for work or other activities.

Greenwood Village condos have a wide range of price from as little as $65,000 all the way up to $1.48 million. The price range is so great because there are so many different style of condos available with different amounts of rooms. The average price for a one bedroom condo is about $216,000 and the average price for a two bedroom condo is about $519,000. Surprisingly three bedroom condos have a higher price than the four bedroom condos. Four bedroom condos average out to be $720,000 while the three bedroom condos average out to be a whopping $789,000. This is most likely due to three bedroom condos having a higher demand than four bedroom condos. The median cost for Greenwood Village condos is right around $185,000. Greenwood Village condos have increased in sales as well as in median prices. However the number of days that a condo is on the market has decreased slightly. While not much, the decrease was from 97 days to 95 days when judging one year from the previous. The decrease shows that condos are selling slightly faster than the previous year.

Greenwood Village has a booming real estate market and is definitely a buyer's market. If you are moving to the greater Denver area than the life style and scenery of Greenwood Village may be for you. Greenwood Village condos are priced right for those looking to get a good deal because they want to live in the Greenwood Village area.

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